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Germany's Birkenstock aims to raise up to $1.58 billion in US IPO
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(Reuters) -Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it was seeking to raise up to $1.58 billion in its initial public offering (IPO) in New York.
About 32.26 million shares, priced between $44 and $49 apiece, would be sold in the IPO by the company and its selling stockholders, according to a regulatory filing with the U.S. Securities and Exchange Commission.
The company, which traces its roots back to 1774, is a sixth-generation family-owned business. Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany.
Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.
Read more on investing.comAbout this in other media
Birkenstock brothers, owner of German shoe brand, are worth $3.4 billion: Report livemint.com /1 year ago
Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion abcnews.go.com /1 year ago
Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey abcnews.go.com /1 year ago
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